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focus." >> susie: an update tonight on the cost of hurricane sandy. fitch ratings says the super storm has so far caused as much as $17 billion in reported losses. by the time the recovery is over, fitch expects sandy's cost to top $20 billion. new jersey is one of the states hit hardest, and, today, governor chris christie talked about the storm's toll on his state's economy. >> there's no question that sandy hit us hard. there's also no question that we're fighting back with everything we've got. sandy took a toll on new jersey's economy just when we were coming back from a national recession. sandy disrupted our economic life. cars weren't bought, homes weren't sold and factories couldn't produce. from those things, we can catch up, and we are catching up. make no mistake-- as common sense would tell you, sandy hurt new jersey's economy. >> susie: christie today pledged to devote the final year of his first term in office to rebuilding and reinvigorating areas of the state devastated by hurricane sandy. >> tom: as the drama over the fiscal cliff played out in washington, car racing
nearly $10 billion in aid for victims of super storm sandy. that is the first of two sandy relief measures making their way through congress. today is for the national flood insurance program. that was due to run out of money next week if congress did not act. currently 115,000 sandy-related claims as well as 5,000 claims from other floods. the governors of new york and new jersey said today's voting congress is a good start. they call it a down payment. votes are planned for january 15th at the house and there are many 51 billion in aid the senate approved. i hope they get rid of all the pork. the speaker pulled the bill from the floor because of the port. now we want to know what you think. here's our question. should homeowners without flood insurance to the bailout? log on. also resulted in the the shell. more to come including more on that any me jobs report. the fight over gun ownership and privacy. what's happening one small community that is creating waves of the country. [ lisa ] my ne's lisa, and chantix helped meuit. i honestly loved smoking, and i honestly didn't think
, call him satan sandy. to hear the media tell it john boehner botched it, but instead, around this story, let's say all of this storm may dust up a lot of hot air. and isn't this the kick, the rush, rush, rush, to get a bad deal down so we're not downgraded and guess what? we're still downgraded. think it can't happen? and folks that moody's just threw out the tea leaves that it must might. and later on, wh he we dig in and hash it out i think you'll know why state government is back and since we won't cut tget ready to pay for it and boy, oh, boy, oh, boy, do i mean pay through the freakin' nose for it. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >> we've got a new segment called our media moment. and here is how we're going to do this and what a moment this one is for john boehner more like a moment from hell. in almost every pap
parks faced closures - why they apparently did it. >>> people hit by superstorm sandy. could soon be getting relief money -- but others will still have to wait. >>> and - it looked like a congressional photo-op. but this picture turned out to be a photo-shop. we'll explain - next. (male announcer) this is bay area news station, kron 4 news starts now. >> catherine: now at 5-30. a new report released today says that employees with the california department of parks and recreation intentionally hid millions of dollars from the state. kron 4's charles clifford has more. >> reporter: last summer it was discovered that the california department of parks and recreation may have had up to 54 million dollars hidden in two accounts. the news was particularily shocking because at the time california was considering closing down dozens of state parks due to a lack of funding the news also resulted in the resignation of parks and rec director, ruth colemn. but in this new report, the state attorney generals office concludes that 34 million dollars of that money was innocently misplaced, the r
bill to help victims of hurricane sandy but one calls it a small down payment. >>> it's snooze and you're done for the nfl teams that survived the regular season as the playoffs begin today with super bowl xlvii at the goal line. >>> lights camera oscars. we'll preview which films are likely to be nominated for the 85th academy awards. all this and so much more on "cbs this morning saturday," january 5th, 2013. >>> and good morning. welcome to the weekend. >> the first of the new year. >> yeah. remarkable, isn't it? here we go again. one more time around the block. we're also very excited to have visiting in studio 57 this morning best-selling author daniel pink. harvard business called him one of the top business thinkers in the world. he's going to tell you the secrets to finding true meaning in your work. >> i'm interested in what he has to tell us and what he found in the green room. >>> and also chef mike isabella. he calls this crazy good marinated rack of lamb. >> i could use crazy good. >>> first our top story, the arrest of a pilot. he had alle
'll be okay. >> and a lot of people felt that way. the people of sandy hook trying to move forward and honor the lives lost. i'm deborah feyerick, thanks for joining us. i'm deborah feyerick. have a good night and a great have a good night and a great week. -- captions by vitac -- www.vitac.com >>> big new developments in the health of hillary clinton. she is back to work today. >> the case against accused a rare ra movie sheeter james holmes. we are just hours away from prosecutors unveiling their evidence in court. >> the biggest scandal to hit washington since washington. call it knee gate. >> seriously. >> what is one of the brightest stars doing in the game with a bum knee only to injure it again, maybe even worse? >> i cannot tell you how we have been discussing this this morning. it's a story. >> there is outrage. there is consternation in washington right after the fiscal cliff. can they get no reprieve after all the problems they've had? >> oh, my goodness. >> welcome to "early start." i'm john berman. >> nice to have you back. i'm zoraida sambolin. it is 5:00 a.m. in the east. the
late than never. 11 weeks after hurricane sandy hit the east coast, congress finally signs off on $9 billion in federal aid for storm victims. and the outlook for o.j. florida's orange juice industry has seen some good weather, but a citrus disease threatens to take juice prices higher. >> susie: that and more tonight on "n.b.r." >> tom: steady as she goes, that's the latest word on the s companies kept up a consistent pace of hiring last month. employers added 155,000 new jobs to their payrolls in december. that was slightly less than expected, but close to the amount added in november. the nation's unemployment rate also held sady at 7.8% and the job gains last month were spread throughout the economy. still, there is little optimism hiring will gain much momentum this year. suzanne pratt has the story. >> reporter: 153,000-- that's the average number of jobs the economy created every month of last year. while it's not an awful, it's not impressive, either. and, for the millions of americans still out of work, the job market remains downright depressing. >> 150,000, it's moderate,
report coming up. the new congress passes a bill approving $10 billion of aid for superstar sandy that is the first of two relief measures making their way through congress. nine point* seven through the national flood insurance program was due to run o of money next week. currently 115,000 claims and 5,000 from other floods. the governors of new york and new jersey say it is said could start and governor cuomo and governor christie say it is a downpayment with the aid that the senate approved i hope they get rid of the pork speaker john boater the inner pulled the bill. should they get a bailout? we will share the results at the end of the show. more to come on the anemic jobs report what is happening with one small community all ♪ gerri: the newspaper that added gun owners and to new york coununties is getting the red light and another. tnam county officials refusing to release the names and addresses after the paper published an online interactive map detailing where each gun permit older lived. names and adresses. but, can the county with all public information? joining me n
had hurricane sandy in there. you had the seasonal adjustments that recently changed how they equate the unemployment rate, etcete etcetera. so i think overall that this number has a great potential to miss. we saw a nice report out of adp yesterday morning. it really didn't have as big of an effect as you might think because of the great rally the day before. so to your point, i actually think that there's a little bit of risk that if we miss on the downside, we can be bullish here. if we miss on the sps, many of the traders are looking at a s&p future, so many people think we have to go up and test 1474.51. that would by about a 150-point rally. but -- and if you look at the volatility and the vision being at a low level, tlt a lot of the market numbers are telling us that we should rally. but, again, this number is going to be a very interesting one to watch after last month's number was a bit on the dull side. the one thing i would say is it's nice to get back to watching normality in the market rather than watching d.c. all day. >> i think we're still there. and the deal that we
billion of aid for superstar sandy that is the first of two relief measures making their way through congress. nine point* seven through the national flood insurance program was due to run out of money next week. currently 115,000 claims and 5,000 from other floods. the governors of new york and new jersey say it is said could start and governor cuomo and governor christie say it is a downpayment with the aid that the senate approved i hope they get rid of the pork speaker john boater the inner pulled the bill. should they get a bailout? we will share the results at the end of the show. more to come on the anemic jobs report what is happening with one small community all over the country. ace to handle your legal needs. maybe you have questions about incorporating a business you'd ke to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help gde you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection.
on the jobs report coming up. the new congress passes a bill approving $10 billion of aid for superstar sandy that is the first of two relief measures making their way through congress. nine point* seven through the national flood insurance program was due to run out of money next week. currently 115,000 claims and 5,000 from other floods. the governors of new york and new jersey say it is said could start and governor cuomo and governor christie say it is a downpayment with the aid that the senate approved i hope they get rid of the pork speaker john boater the inner pulled the bill. should they get aailout? we will share the results at the end of the show. more to come on th anemic jobs report what is happeng with one small community all ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors tn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to he you solve it. where teams compete to make the right decision about saf
was hurricane sandy. hurricane sandy suspended 130 flights, that is a large percentage of flights canceled, that will figure into the season and secondly an area devastated, you will not see leisure travelers go to those areas and that is a problem. the last place they want to go to that place devastated by hurricane. sandra: you have a car rental company, avis in there. so many were without cars, do you think they still did not do well? >> a large portion of that has to do with their weakness in europe. the weakness they have no pricing power in europe is causing it. 1 cent below the consensus, they are actually paying two-thirds of the operating income in interest expansion. they have a large debt burden they are paying off right now. sandra: that is pretty big. ashley has to come in and we have to leave it there, but i'll add sports forecasting. who is going to win the game today? alabama or notre dame? >> alabama looks like the juggernaut. ashley: thank you very much. sandra: all right, the season comes to an end tonight with the bcs championship game but with the season be more exciti
for superstar sandy that is the first of two relief measures making their way through congress. nine point* seven through the national flood insurance program was due to run out of money next week. currently 115,000 claims and 5,000 from other floods. the governors of new york and new jersey say it is said could start and governor cuomo and governor christie say it is a downpayment with the aid that the senate approved i hope they get rid of the pork speaker john boater the inner pulled the bill. should they get a bailout? we will share the results at the end of the show. more to come on the anemic jobs report what is happening with one small community all i love to eat. i love hanging out with my friends. i have a great fit with my dentures. i love kiwis. i've always had that issue with the seeds getting under my denture. super poligrip free -- it creates a seal of the dentures in my mouth. even well-fitting dentures let in food particles. super poliip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while
for victims of super-storm sandy. lawmakers approved today $9.7- billion of disaster aid, after harsh criticism of house leaders for delaying the funding. ruben ramirez has details. >> reporter: the political wrangling was contentious over federal funds to aid home and business owners flooded by superstorm sandy. the final vote in the house: 354 to 67 with all 67 of the no votes coming from republicans. the money will go toward the national flood insurance program which is set to run out of money this monday. it will help the agency pay about 115,000 pending claims. a big complaint: the amount of time it took congress to act. it took just 12 days after hurricane ike and only ten days after hurricane katrina hit for federal aid to be approved. the remaining $51 billion states have requested will likely come up for a vote on january 15. here in new york more than 250,000 businesses were affected by the storm. some of those are here in the financial district on manhattan's southern tip, at least a dozen office towers are still closed and thousands of workers still displaced. ruben ramire
are hurricane sandy related. and maybe as you get some federal aid flowing in the northeast some of those jobs will continue again. when you look within the sectors, you can see basically steady for everybody except the african-american unemployment rate, ali, jumped up to 14%. it's been volatile. but you can see the structural disparities here between some of the different worker groups. quite frankly, the great recession just made that worse, quite frankly. this is over the past year. remember in the spring how worried we were about that weak jobs report indicating very, very difficult in the election season about who was going to reverse this? but look, now you're seeing this -- i would call this businesses carefully hiring, but, you know, they're waiting for something really to unlock the genie out of the bottle and haven't seen it yet. >> christine, let's join this conversation with diane swonk, chief economist at mesereau financial. you and i have talked about this. i've been saying the u.s. is poised for an economic renaissance with this energy boom and things going on in housing and ma
donated about 1 million new books to schools in new jersey that were ravaged by hurricane sandy. >>> the >>> did shell oil move an oil rig that ran aground to avoid millions in taxes. >>> did shell oil move an oil rig that ran aground to avoid millions in taxe >>> did shell oil move an oil rig that ran aground to avoid millions in taxes. that's a question ed markey is asking but shell denied the accusation, but said the rig was moved due to weather. >>> one texas company may have the solution to fuzz growing on your white bread. a technology that bomb bardz bread with microwaves killing mold spores and keeping bread mold-free for 60 days. too bad the bread will probably go stale way before that happens. >>> tim tebow snubbed again. al sharpton teams up with tyler perry on a cold case. >>> and turning on your faucet only to find flammable water. denails next. >>> we couldn't help ourselves. it is a yearly favorite. video of the water skiing squirrel. twiggy will be performing at the boat show in den very this weekend and word has it she'll be sporting a denver broncos life jacket
important. we had to get through the hurricane sandy issue in terms of what impact that may have had. so people always make adjustments. it could be seasonal, seasonal employment numbers up or down, concerns about -- >> but will today's number be seen through the prism of the yesterday? >> i think not only through the prism of the comments of the fed coming through but against the backdrop of what we've been going through with the post presidential election, rejuvenated focus on what's going to have to happen. the concerns about the negative impacts of tightening of tax environment and spending cuts will be put against that context of what's going on in the growth environment. we've been acting as if growth has to follow behind what's been a very stimulus government both fiscally and mourn tearily and that any tightening is putting that at risk. i think any strength coming through in the unemployment numbers that we see today will perhaps take the edge off those concerns and it would be against that back drop i would emphasize it. >> it will be seen as the good news that it should be rae
of super storm sandy. legislation easily passed both houses. it will help pay for 234r50d insurance claims for one00,000 individuals and businesses. a much larger $51 billion aid package is set to be taken up next month. >>> food safety regulations got changes today. but john valor reports some say the rules fall short. >> the new rule comes two years to the day after congress required them. they cover 80% of the food grown on u.s. farms. designed to reduce food born illness one rule requires they use clean water and food handlers wash hands. a second rule requires food companies to submit detailed safety plans. >> to make sure the food you produce is safer and we will monitor your activities. >> reporter: the center for food safety had sued to get the government to implement these rules. activists today said they are not invited to the party. >> we have not quite popped the cork on the champagne yet. this is a good first step. >> reporter: she points out there are still proposed rules and missing are promised rules on imported food, 15% of the nation's food supply. and, the fda does not
. this is in response to the killing of 20 first graders and 6 adults at sandy hook elementry in newtown, connecticut, last month. gun manufacturers make up roughly $12 million in the teacher retirement portfolio. the lull that hit the motorcycle industry during the recession appears to be over. sales of the bikes rose in 2012 for the first time since 2006. bmw had a stellar year, with overall motorcycle sales rising 2%. studies suggest that more women and younger buyers are lured to head out on the highway. a decade ago, boomers outnumbered gen-x and gen-y riders four-to-one. gm is shifting away from outsourcing. according to reports, the automaker wants to rely more on its own employees for tech projects versus outsourcing jobs. and it will hire around 10,000 workers for tech centers in michigan, texas and georgia and one other yet- to-be-revealed location. meanwhile, general motors predicts a modest increase in u.s. market share this year, along with reducing its losses in europe. honda is also adding jobs in the u.s. and investing $23 million into an ohio plant where it will manufacture a new hyb
in new jersey that were ravaged by hurricane sandy. >>> did shell oil move an oil rig that ran aground to avoid millions in taxes. that's a question ed markey is asking but shell denied the acuation but said the rig was moved due to weather. >>> and according to the that, inquiries for holiday shopping has ridge for june, july and august. >>> reverend al sharpton teams up on a cold case. plus, turning on your faucet only to find flammable water. details coming up next. >>> well, it's a yearly favorite. video of the water skiing squirrel. twiggy will be performing at the boat show in den very this weekend and word has it she'll be sporting a denver broncos life jacket. she and her owner travel all over the world promoting water and boat safety. here's other news making news in america. in western pennsylvania police believe a squabble between two students ballooned into a pair of two full-square brawls with 70 people. authorities can tipped off by a youtube video that shows students and adults throwing blows. >>> and in ohio, a combustible water supply has turned one home into a recipe
by hurricane sandy. >>> did shell oil move an oil rig that ran aground to avoid millions in taxes. that's the question congressman ed markey is asking, but shell denies the accusations say the rig was moved because of weather conditions. >>> and if you haven't started planning your summer vacation yet, get started. according to flipkeys.com, inquiries for summer reservations have ridge 40% just this past week for june, july and august. >>> tim tebow snubbed again. reverend al sharpton teams up with tyler perry for a cold case. plus, turning on your faucet only to find flammable water. details coming up next. >>> well, it's a yearly favorite. video of the water skiing squirrel. twiggy will be performing at the boat show in denver this weekend, and word has it she'll be sporting a denver broncos life jacket. she and her owner travel all over the world promoting water and boat safety. she's very cute. here's other news making news in america. in western pennsylvania police believe a squabble between two students ballooned into a pair of full-scale brawls involving up to 70 people. authorit
but it was on expectations but one place was with hurricane sandy rebuilding. construction added 30,000 jobs last month. manufacturing up 25,000. may be replacing cars that were damaged. food services was up 30,000 items think that is related but the government was cutting down. the president's top economist said the resolution of the first part of the fiscal cliff battle should help job creation. >> the actions congress took is a step in that direction. we extended tax cuts that 98 percent of the families. they would see a $2,200 tax increase this week had congress not acted. that should provide some help for the economy. >> but washington needs to reduce spending and deficit and speaker been ears said the oversized and overspent federal government is a drag and has printed page burden to every american with a $50,000 share of its debt and rising. lori: the government dropped workers is that do criticism with largess didn't government? melissa: construction was interesting but we will talk about that later. melissa: the number and the jobs report nobody talks about 22 million unemployed or underemploy
for the last two years. job creation may have gotten a little boost from hurricane sandy. construction added 30,000. maybe some places where placing damaged cars in december. a little surprise in the unemployment report is the rate was unchanged in november once it was revised up. we made a big deal about this when it dropped to 7.7% from 7.9% in october. the labor department announced its regular annual adjustment of its reports because of seasonal factors affected just one month, november. >> there are some signs that the holiday shopping season started earlier. also, because of internet sales we are affecting package delivers. the nature doesn't change as the economy evolves around time. the bureau regularly need to keep up with those changes. peter: "while more work remains to be done, today's unemployment rate provides further evidence that the u.s. economy is continuing to heal." republicans, of course, are saying it is not good enough. speaker boehner out with a comment this morning. our oversized and overspent government has a drag on economic growth and job creation . connell: peter, t
depot and frank blake, the management here has been taking share aggressively and i bet the post-sandy rebuild will be terrific for business. i see another fantastic year for the home despot. disney with remarkably resilient espn numbers. i think the stock can go up 10% from here easily. it's already started to recover, meaningfully from the so-called disappointing quarter. that fourth quarter rally in the financials gave new life to jpmorgan, american express, travelers the insurance company up 21%. i don't know if these can maintain that pace. i'm not as bullish. jpmorgan seems to fail at these prices. fail the stock, not the company. the company is doing fine. unless they are allowed to return to shareholders, my hope, i fear the company won't be able to repeat the performance. american express seems tapped out, prefer mastercard, visa and travellers is a fabulously run company. it's not one you expected expect to go up 21% over 21%. how about general electric? it advanced 17% despite downbeat chatter, analysts being too downbeat if you ask me. and an oil and gas kicker could be reb
, with the unemployment rate at 7.8% below consensus. with warmer than normal temps and impact of sandy being felt, how good of a read is this? goldman sachs upgrades for citi, conviction buy list, stronger bakes have fewer levers to pull in this tough environment. retail movers, target, underarmour, and we'll get cramer's take in just a few moments. a weaker than expected jobs report with december nonfarm payrolls coming in below stilts of 155,000. kelly evans is live at headquarters with a wrap-up of the details. >> a few people getting a sense of what we saw. i think one of the points here is job growth is becoming a little more consistent. we saw payrolls grow about 155,000 in december. in fact, that's almost bang on the average on the whole year. despite some of the choppiness early in the discovery, they're gaining traction now. a concern remains about 2013 in particular, what could happen when payroll taxes do increase on that point. it was encouraging to see for the second straight month a growth in average hourly earnings as well. >> kelly, thank you. is that good enough to say that the averag
of arizona's schools following the tragedy at sandy hook elementary. joining us now attorney general of the grim state of arizona also state superintendent to from 2003-11. great to have you with us, attorney general. >> great to be with you. i think you have been interviewing me for a lot of years and. lou: it has been a while. we don't have to count them all up. we come up with intriguing and i think provocative ideas. i would like to get a sense of what the response has been to your proposal. >> well, what i tried do is find the golden mean between two extremes. some people oppose that all teachers be able to bring guns to school as much as they want. i think that would create more dangers than it would solve. on the other hand if we work to do nothing and there was a preventable incidents like newtown we would definitely regret that. i propose something in the middle which is actually proposing a free service. we will train one person in ach school, the principal or his designee not only in marksmanship, but
in the fiscal cliff deal. >>> superstorm sandy will likely cost the insurance industry at least $20 billion according to a new report from fitch ratings. fitch says the complexity assessing insurance losses from such a large and intense storm over a widespread region created uncertainty in estimating ultimate insured losses from superstorm sandy. that's the latest from the fox business network, giving you the power to prosper liz: welcome back, everybody, live in las vegas on the floor of the consumer electronics show. we moved to a panel here. good friend of this broadcast is rob enderle. they're talking about evolution whether the pc survives. yes, according to rob. what about panasonic, everybody is talking about rumors that they would be getting out of the television business. get it straight from the horse's mouth. joe taylor is the head of panasonic america, north america. great to see you thank you. >> happy new year. liz: you guys getting out of the television business? >> i heard that 20 times in the last couple of months. i think it was mark train. the rumors of our demise are gre
earnings. superstorm sandy is expected to top the excuses. >>> and there may not be a lot of love to go around in washington around valentine's day this year. if lawmakers fail to come together on debt talks. according to fresh numbers, the u.s. could hit the debt ceiling by early as mid february. john harwood explains all the details, a couple of reasons to go and visit that website this morning. cnbc.com. >>> still to come, why property is up at samsung electronics, but the share price is down. see you in a moment. >>> welcome back. alcoa gets the earnings reports started today. slower growth in the economy, the eu debt crisis and superstorm sandy are expected to top issues. take a look at shares this morning. before the report, they're down .75% in frankfurt. so trailing the 34k9. they have been roughly flat over the last few months. james is a huge fan of werings season. you're so excited about this one, i know. >> i live for the wering hes season. you could spend almost your entire time -- >> there's only about three months of the year when you're not engaged in looking at earnings
sandy. this is a live picture right now with members of congress from new york and new jersey. they are speaking out. let's listen in. >> in the last 20 years, this as the longest people affected by -- this is the longest people affected by disasters have waited for congress to help with relief. it's not acceptable. i've voted for aid wherever there's been a natural disaster. the northeast deserves the same. new york is a donor state. we give more to the federal government than we take back. now we need help and politics should not be played with the help that we need. we should be -- >> we've been hearing from members of congress. they were curious -- furious when john boehner canceled the vote on tuesday. there will be another vote on january 15th for a larger $51 billion aid package that's already been approved by the senate. still this morning, many lawmakers are expressing out -- outrage that it's taken nine weeks to get any help for the victims. >>> an's motional trip, a well- known member of gunfire will be making a visit to connecticut today. >>> who is sponsoring a ne
for me. i've got the hurricane sandy and analysts didn't have their act together. i think this year we see 8%, 10% earnings growth, even with the fiscal drag which i think is blown way out of proportion. >> because s&p capital is looking for 3% growth in the fourth quarter so you're talking about the year. scott? >> no, i'm talking about 2013. >> right. >> i totally agree with those estimates. we're going to get killed fourth quarter, but it's in the past. forget it. let's move forward. >> hey, rick, i'm going ask you a loaded question but i want your expertise on it. is there a bubble in the bond market? >> no, no. prices are lofty, but to me a bubble implies a very close to popping scenario. you talk about bubbles. when you think it's about ready to burst. it's frothy, but it's photoactualphotfrothy in actually a sean way and take the discussion we're having right now. the ecb tries to talk recovery, and things because the daxx and kaks are up, everything rowsy in europe. look at the unemployment rates. once again, the same scenario in u.s. if all you use is a barometer against econo
expected to be very low. >> reporter: specifically, businesses felt after effects from hurricane sandy, and they were unwilling to spend with all the fiscal cliff uncertainty. on top of that, demand from europe as well as china was weak. but, here's the good news. a low earnings hurdle ultimately makes it's easier for companies to impress investors. and, s&p's sam stovall says they could get a little help from lower expenses. >> the things that might end up acting as tailwinds i think could be a near 8% decline in the cost of oil and also the reduction in the commodity costs. >> reporter: digging into the q4 numbers, six out of 10 sectors are expected to post a gain in profits, with financials and consumer discretionary stocks topping the list. on the other hand, the industrials sector has the weakest anticipated growth. still, anticipation of an anemic earnings season has yet to trouble the stock market. don't forget the s&p 500 hit a five-year high on friday. >> i think all of this has to do with anticipation. that things are expected to get better. that there is a muted v-shaped rec
in new york and new jersey that were ravaged by hurricane sandy. >>> did shell oil move a rig? shell is denying the accusations saying that the rig was moved because of weather conditions. >>> and if you haven't started planning your summer vacation, you better get started. according to flipkey.com, inquiries for summer property rentals have risen 40% just the past month alone. >>> tim tebow snubbed again. reverend al sharpton teams up with tyler perry on a cold case. plus, turning on your faucets only to find flammable water. details coming up next. you're watches "first look" on msnbc. using cloud computing and mobile technology, verizon innovators have developed a projective display for firefighters. allowing them to see through anything. because the world's biggest challenges deserve even bigger solutions. powerful answers. verizon. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right
to hurricane sandy. if you exclude the insurance agency, they'll be up 40%. cheryl: you mentioned the industrials. with the industrials it was my thinking this would be a stronger sector in 2013 because the rebound in particular overseas, but you are not convinced. why? >> search the industrial sector is the weaker sector, decline 5% expected. what the companies say about emerging markets going forward. are they seeing improvement or are they seeing things? the key, really fo for all the companies in the index during this earnings season. cheryl: you called the third-quarter numbers, your estimates were. what is the one thing, the one company and the one sector we have got to watch kicking off earnings season? speak out about the financial sector expected it to be the largest contributor to growth this quarter. with bank of america and fannie and freddie mack but that is the sector driving growth. to get a couple general themes on the global side was for companies talking about conditions in china and other emerging markets and on the domestic side watch the impact of hurricane sa
of the money makes its way into the pockets from the sandy relief. >> boy, so do i. my charitable trust is contributing. i agree with you. >> caller: we could use it in the pockets. two questions regarding adt. they went public in october. i got them at 36. now they went up to about 46 now. >> yes. nice. nice work. >> caller: thank you. i'm wondering, what is the actual difference? what i'm not sure of what's the difference between adt and i thought they split from tyco. i'm not sure what the difference is between the two. >> okay. you know, what i want to do is this. i have been wanting to analyze those. look, i think electronics security for adt. that's how you view that company. let me do a piece about what the parts are worth. i have been wanting to do it for a while. i will do it for you next week. steve in california. >> caller: boo-yah, jim, from sunny, warm mora bay, california. >> i could get over this cold, cough thing i have going but i would infect your family to be candid. what's up? >> caller: first, thank you for all you do. >> thank you! >> caller: i heard news corps wil
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